Google Offer Evaluation
Current TC 165 YOE 5 (2 small startups, nothing too impressive) now Wayfair Trying to decide how to leverage current position to put myself in the best location here. I got an L3 offer from Google, but with a front loaded equity bonus, 40% distribution in the first year, so I'm not entirely sure how to evaluate that. TC for the first year would be about 220 + sign-on, but would go down to around 165 by year 4. I'd expect a promotion pretty quickly from L3, especially having come in with 5 YOE, so I don't know how much value to give that later number. Any advice anyone has on negotiation or evaluation would be much appreciated.
Why it will go down? Because stocks vest? You will have refreshes every year, they won't allow it to go down that much.
It's a front loaded vesting schedule, so it goes 40-28-20-12 And I know that hypothetically it shouldn't go down, but I was thinking that I might be able to use my current salary as a comparison to the 4-year to negotiate up the offer a bit.
What part of the world and role has this kind of vesting schedule? I heard the schedules are straight line
Front loaded vesting is better than straight lines. Don’t worry about the drop. Your TC over 4 year is the same but you got the money sooner. Just save/invest it and you come out ahead.
That's basically what I'm thinking. Just wanting to figure out how to approach it to put myself in the best position I can.
Front loaded equity? Does Google do that? How did you convince the recruiter for it?
@Op I got an offer with two stock grants with different vesting schedules (4yrs ans 2yrs), so effectively equity was front loaded. Did you get a similar offer or your single grant is non uniformly distributed.
Single grant, just distributed 40-28-20-12
Is it Google cambridge?
It's out in the Bay Area, so cost of living goes up a bit, but not by too much, by Boston standards.
For bay area, i think it's low. You should ask more. I am also negotiating my offer, but my one is in Boston area.